Category Archives: Insurance

FSA2013: Consent or no consent?

This is a short excerpt from my blog post yesterday on the Financial Services Act 2013: “I am saying this because the policy owner have to understand when consent is needed from the new trustee and when consent is not … Continue reading

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An alarmist approach on the Financial Services Act 2013

Three months down the road, the situation hasn’t changed much. I was told me a few days ago that the life insurance companies in Malaysia are still taking it easy with regards to the Financial Services Act 2013 which had … Continue reading

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Trustee for life insurance policies

I see that the Financial Services Act 2013 is starting to garnish comments from players in the financial services industry. This one below is from Rockwills Corporation, the leading company in estate planning. What Saw Leong Aun is stating in … Continue reading

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Potential landmine in Financial Services Act 2013?

I’m just a lay person where insurance is concerned but I’d like to share here whatever little that I know about the newly introduced Financial Services Act 2013 vis-a-vis the insurance industry. If I am wrong, I am willing to … Continue reading

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Financial Services Act 2013

This is the new Financial Services Act 2013 that I was talking about earlier which came into effect on 30 June 2013. It has implications for the finance industry in Malaysia as a whole as the new FSA2013 replaces several … Continue reading

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Not quite understandable

Why can’t companies write a friendlier note that’s not so couched in officious words to the point that I’ve to read and re-read it several times in order to understand what they’re trying to say? For example, this letter from … Continue reading

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Legislation affecting financial planning

What are the legislation in Malaysia that will affect financial planners most or at the very least, should be good for them to know or be aware of? In my opinion, below are the few pertinent ones which I present … Continue reading

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Malaysian insurance laws under sections 166 and 167

Well, I learnt something useful today. I’m not an insurance person, so I’ve always found it very confusing when trying to deal with the types of nominations under the important sections 166 and 167 of the Malaysian Insurance Act 1996. … Continue reading

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Capital protected

This appeared today in The Malaysian Insider regarding a move by the Monetary Authority of Singapore to ban the use of financial products with misunderstood names. Hopefully, Bank Negara Malaysia can take the cue and see how the use of … Continue reading

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Malaysians now more averse to higher risk investment products

Here is an interesting story that appeared in today’s issue of The Business Times in Singapore. It’s saying that owing to the global financial crisis Malaysians appear to be the most averse among Asians to higher risk investment products. They … Continue reading

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